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Mixed-Use Property with Coach House

338 W Armitage Avenue, Chicago, IL 60614

For Sale
New
$2,250,000

Commercial Sale, Chicago, IL

Property SizeContact for details
Days on Market3

Property Features for 338 W Armitage Avenue

General Information

Property type Commercial Sale
Property subtype Other
Fireplace 1
Directions Clark to Armitage West to address
Subdivision CHI - Lincoln Park
Standard status Active
APN 14332070410000

Additional Details

Tenant in Place Yes
Mixed-Use Components retail, residential

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 38831

Utilities

Cooling system Central Air

Amenities

courtyard
rooftop terrace
balcony

Building Details

Year built 1878
Floors in Building 4
Number of units 3
Building materials Stucco, Combination
Listing Agency: Compass
Listed By: Benyamin Lalez
Added: Nov 4 Changed: Nov 6 Last Checked: Nov 6 at 3:06PM
MLS# 12796495

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 1878 mixed-use property combines a street-level restaurant space with a six-bedroom, 4.5-bathroom triplex residence, a coach house, and a three-car garage. The main home includes hardwood flooring, oversized windows, built-in kitchen cabinetry, stainless steel appliances, a study, and multiple fireplaces. Its upper-level family room opens to a balcony and rooftop terrace. A courtyard links the residence to the coach house, which has a kitchenette, bedroom, full bath, and sitting room.

The restaurant space is under lease through 2/1/28. The property is in Chicago’s Lincoln Park, near Lincoln Park Zoo, North Avenue Beach, restaurants, cafes, boutique shopping, and public transportation.

Key Highlights

  • Six‑bedroom, 4.5‑bathroom triplex residence
  • Street‑level restaurant space leased through 2/1/28
  • Separate coach house with kitchenette, bedroom, full bath, and sitting room

Property Analytics

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Current Use

SaiMai Thai Restaurant Restaurant

Suggested Use

Top Pick Food Market Accounting Firm (Bike/Boat/Book/etc) Store HVAC Service Electrical Service Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,849
Businesses Nearby
10k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 58% Shops & Services 42%
Taco Bell Dining
4,082 visits/mo 0.5 miles
PNC Bank Shops & Services
2,197 visits/mo 0.0 miles
Chase Bank Shops & Services
2,054 visits/mo 0.5 miles
Jimmy John's Dining
1,091 visits/mo 0.5 miles
Domino's Pizza Dining
689 visits/mo 0.5 miles

Demographics for 60614, IL

73,173
Population
38,089
Households
1.9
Avg Household Size
31
Median Age
86%
College-Educated
98%
High-School Grad
3.2 sq mi
ZIP Area
22,867
Density / Sq Mi
$139,561
Median Household Income
$86,386
Median Earnings
$2,019
Median Rent
$730,700
Median Home Value
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Market

Average Price Trend$/SF for Mixed-use properties in Chicago, IL

$342 Jul
$241 Aug
$205 Sep
$203 Oct

Properties on Market for Mixed-use properties in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A leased restaurant space accompanies a triplex residence, separate coach house, and three-car garage.
Where is this mixed-use property located?
The property is located at 338 W Armitage Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Six‑bedroom, 4.5‑bathroom triplex residence; Street‑level restaurant space leased through 2/1/28; Separate coach house with kitchenette, bedroom, full bath, and sitting room
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